All Posts Tagged: payrolls

U.S. Outlook: Thanksgiving comes early this year

Scott Anderson
Chief Economist

Rather than a scary October payroll report appropriate for the Halloween season, investors and analysts received an early Thanksgiving surprise.

closeup on palate of food delivered by grocery employee.Nonfarm payrolls jumped by 250K in October, up from 118K in September, and well above the consensus forecast of 200K jobs.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 2.

Key observations:
  • Clearly, there was a strong bounce back from Hurrican Florence baked into October’s job gains.
  • Bad weather prevented 198K people from working last month.
  • The U.S. job growth engine shows no sign of slowing down as yet. This raises the odds of another rate hike from the Fed in December.
  • Low unemployment rates finally appear to be lifting average hourly earnings growth. For the first time in this expansion, the average hourly earnings growth moved above 3.0%.

Read my full report.

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Instant Analysis: Jobs decline due to hurricanes & unemployment rate unexpectedly drops

Scott Anderson
Chief Economist
Business owner looking worried as he checks his laptop and waits on the phone in his warehouse.

There was something for everyone in the September jobs report, but we think it wise for investors to look past the downbeat headline job loss.

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U.S. Outlook: Housing market is doing just fine

Scott Anderson
Chief Economist
Chart showing mortgage rate trends over last few years, with recent dip.

The current low interest-rate environment, healthy labor market, and rising real personal incomes will power the housing market recovery to new highs in 2016.

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U.S. Outlook: Economy is looking better in October

Scott Anderson
Chief Economist
Graph showing the decline in weekly jobless claims over recent months.

Following the slowdown of August and September, the economic data points so far for October suggest the U.S. is picking up some growth momentum.

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Instant Analysis: Employment report for April

Scott Anderson
Chief Economist
Young professional woman smiling at a colleague

The U.S. job market is visibly heating up and tightening up as the second quarter gets underway.

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